To create a new product under Purchase module, access the sidebar menu. Select Purchase>Product & services>Create New Product/service.
Provide requisite details like: Product name (mandatory), Select Expense account from the dropdown (mandatory), Unit price, Description.
Select the sales tax applicable to this item. All existing sales tax will be available under the drop down and, an option will be provided to create new sale tax too. To add new sales tax, click on "Add sales tax". A popup will appear to Add sales tax. Fill in the details : Tax name and Tax rate (Mandatory), Description and Your tax number (Optional). Click on "Save" button, new sales tax will be added.
Click "Save". A success message will appear, ‘Product created’.
While adding a new product, you will be directed to fill the Product name first then Expense account. After filling all the details, click 'Save'. New product will be added.